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Nov 20, 2012
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on monday with the idea that over the course of the weekend, treasury secretary geithner, president obama and other high-ranking administration and congressional officials seemed to hint to the media that a fiscal cliff deal would happen before the middle of or end of december, and thus risk assets took that as meaning that, really in the background, fiscal cliff negotiations are speeding up and are intensifying, and that we will have a solution. so monday's trade was really about a fiscal cliff solution. the dollar was lower, commodity prices were higher, and equities of course were higher as well. > > equities were much higher. how much of that has to do though with maybe some oversold conditions in the market? > > i think oversold conditions certainly are a part of it. the idea that the fiscal cliff will get resolved in short order is another part of it. and then third, yields on treasuries remain awfully paltry and small. you saw treasuries sell off during the course of monday. the treasury curse deepened. and really equities were the beneficiary of those capital flows as there was la
on monday with the idea that over the course of the weekend, treasury secretary geithner, president obama and other high-ranking administration and congressional officials seemed to hint to the media that a fiscal cliff deal would happen before the middle of or end of december, and thus risk assets took that as meaning that, really in the background, fiscal cliff negotiations are speeding up and are intensifying, and that we will have a solution. so monday's trade was really about a fiscal...
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Nov 19, 2012
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president obama, who led friday's meeting, seemed confident the two sides have common ground. "we've got to make sure that taxes don't go up on middle- class families, that our economy remains strong, that we're creating jobs." more meetings at the white house are expected over the next month. the epa is rejecting a request to relax rules requiring corn ethanol in gasoline. governors from north carolina, new mexico, georgia, texas, virginia, maryland, delaware, utah, and wyoming, nine states in all, asked the epa to lower standards on a law that requires refineries to use ethanol - derived from corn - to produce gasoline. however, governors say the summer drought caused lower corn production and higher prices for the commodity. the epa says it does not believe the economic harm warrants a waiver of the standard. the sudden resignation of cia director general david patreaus was due to an extra-marital affair. in some states, cases of infidelity can lead to larger divorce settlements, divorce attorney says sometimes out of guilt by the cheating party or in other instances, if it
president obama, who led friday's meeting, seemed confident the two sides have common ground. "we've got to make sure that taxes don't go up on middle- class families, that our economy remains strong, that we're creating jobs." more meetings at the white house are expected over the next month. the epa is rejecting a request to relax rules requiring corn ethanol in gasoline. governors from north carolina, new mexico, georgia, texas, virginia, maryland, delaware, utah, and wyoming, nine...
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Nov 30, 2012
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president obama heads to philadelphia today to visit a toy manufacturing plant. it's where he will also talk about his plan to avert the so-called fiscal cliff. comments yesterday from house speaker john bohener hinted lawmakers are back to square one on settling the cliff chatter. "no subsantive progress has been made in the talks between the white house and and the house over the last two weeks." the stock market briefly sold off on boehner's comments, but then bounced back. optimism had been growing after president obama and representative boehner made remarks wednesday that a deal could be worked out. now speaker boehner insists there are still many roadblocks in the way. last night, boehner offered no details but rejected the democrats' $4-trillion plan presented by treasury secretary timothy geithner. investors have a more optimistic view on the global economy. a new survey by bloomberg shows 2/3 of investors surveyed described the worldwide economy has either stable or improving. overall, they considered the global economy to be in the best shape in 18 mon
president obama heads to philadelphia today to visit a toy manufacturing plant. it's where he will also talk about his plan to avert the so-called fiscal cliff. comments yesterday from house speaker john bohener hinted lawmakers are back to square one on settling the cliff chatter. "no subsantive progress has been made in the talks between the white house and and the house over the last two weeks." the stock market briefly sold off on boehner's comments, but then bounced back....
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Nov 27, 2012
11/12
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intrade correctly predicted president obama would be re-elected and that the u.s. is not likely to fall off the fiscal cliff. there are lots of rumblings coming out of washington. let's turn to scott bauer of trading advantage to talk about this alleged fiscal cliff. what do you think - and good morning - deal or no deal, scott? > > good morning angie. yeah, there is going to be a deal. it may not be later this week, it may not be next week, but i think at a minimum we are going to see congress, the president, everyone say, you know what, we are on the table together here, and even if we have to extend this three months, six months, we are going to get it done. there is no way with the recovery that we have seen - and i'm not talking about the stock market recovery, i am talking more of the consumer sentiment recovery, housing recovery - with what we have seen the last quarter of this year, there is no way that the guys in washington can harm that or add anything to take the momentum away from that. it just won't happen. > let's talk about the stock market. what le
intrade correctly predicted president obama would be re-elected and that the u.s. is not likely to fall off the fiscal cliff. there are lots of rumblings coming out of washington. let's turn to scott bauer of trading advantage to talk about this alleged fiscal cliff. what do you think - and good morning - deal or no deal, scott? > > good morning angie. yeah, there is going to be a deal. it may not be later this week, it may not be next week, but i think at a minimum we are going to see...
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Nov 12, 2012
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president obama will hold a news conference wednesday to speak to the nation about the fiscal cliff, and he's calling congressional leaders to the white house on friday. chuck coppola joins us in the newsroom with more. the so-called fiscal cliff is right smack in the middle of the agenda in washington, and as our cover story shows you, the president and congressional leaders have already staked out their positions. president obama called on house republicans to give certainty to middle class families by extending middle class tax cuts immediately, before they run out at the end of the year. "i've got the pen ready to sign the bill right away. i'm ready to do it." fairness in taxes proved a key issue during the campaign. extending a tax cut for the middle class now would effectively keep republicans from holding it hostage later in negotiations to extend all tax cuts, including those for the rich. "i'm not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm n
president obama will hold a news conference wednesday to speak to the nation about the fiscal cliff, and he's calling congressional leaders to the white house on friday. chuck coppola joins us in the newsroom with more. the so-called fiscal cliff is right smack in the middle of the agenda in washington, and as our cover story shows you, the president and congressional leaders have already staked out their positions. president obama called on house republicans to give certainty to middle class...